Sensex rallies over 100 points; Metal, Realty stocks lead

The selling spree seems to have halted temporarily after India saw one of the biggest outflows in a nervous November. Such was the intensity of selling that hardly any sector was spared as foreign investors offloaded about $ 11 billion of equities and bonds in Asia’s emerging markets following Donald Trump’s surprise victory in the U.S. presidential election. India has seen close to Rs 11,000 crore in outflow this month; the worst ever for a month since 2002.

For now, the Nifty’s move above 8000 level may bring in some psychological relief ahead of the monthly expiry of derivative contracts on Thursday. Metal, Realty and Auto stocks saw some buying on Tuesday while Capital Goods and Power companies were at the receiving end. The outlook is a positive start. The Dow Jones Industrial Average topped 19,000 intra-day. Gold is turning precious. Oil is inching higher, but this may not be sustainable. Expectations that policy makers will extend their stimulus programmes have kept European bonds upbeat.

At 1:30 PM, the S&P BSE Sensex is trading at 26,035 up 73 points, while NSE Nifty is trading at 8,026 up 24 points. A total of 6 stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.79% at 11,992, whereas BSE Small-cap Index is trading up 1.02% at 11,745.

Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Oil & Gas, Energy, Finance, Telecom are showing weakness on BSE.

L&T, Hindalco, Tata Steel, PowerGrid, Asian Paints, Eicher Motors are among the gainers, whereas Zee Entertainment Enterprises, BPCL, Wipro, HDFC, M&M, Maruti, Dr Reddy are losing sheen on NSE in the first trading hour.

The INDIA VIX is up 0.55% at 18.5675.

A2Z Infra Engineering Ltd  rallied 5%. The company's subsidiary A2Z Green Waste Management Limited (previously known as A2Z Infrastructure) (A2Z Green"), has on November 19, 2016, agreed to a framework with one of its lenders for a settlement of its various debt obligation aggregating to Rs 4161.84 million.

Lupin climbed 3.5% after the company has received tentative approval for its Abacavir Sulfate and Lamivudine Tablets, 600 mg/300 mg from the USFDA to market a generic version of ViiV Healthcare Company's Epzicom Tablets, 600 mg/300 mg.

Larsen & Toubro soared 3%. Larsen & Toubro on Tuesday reported 84% in its consolidated net profit to Rs 1,435 crore for the quarter ended September 30 as compared to Rs 778 crore in the same period last year.

Wockhardt dropped 2.2% after the company informed the exchange that USFDA has issued a Warning Letter to C P Pharmaceuticals Limited, Wrexham, United Kingdom, a step down Subsidiary of the Company.

Sun Pharma rose 1.6%.  The company announced the execution of definitive agreements by its wholly owned subsidiary, for the acquisition of 85.1% of JSC Biosintez, a Russian pharmaceutical company engaged in manufacture and marketing of pharmaceutical products in Russia and CIS region.

Siemens gained 1%. The company will announce its Q2 numbers today.

Canara Bank inched up 0.50% on  the BSE. The bank is planning to sell a portion of its 43%  stake in arm Can Fin Homes as part of the government's diktat asking public sector banks look to sell their noncore businesses.

UltraTech Cement is trading in green on the BSE. The company on Tuesday said the Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the fair trade regulator Competition Commission of India against the company on deposit of 10% of the penalty amount.

Birla Corporation rallied 2%. Birla Corporation reported an over two-fold jump in standalone net profit at Rs 58 crore for the second quarter ended September 30, 2016. It had registered a net profit of Rs 23 crore in the year-ago period.

EIH is trading marginally lower at Rs 101.65. The company that runs hotels and resorts under Oberoi and Trident brands said it plans to delist its global depository receipts from the London Stock Exchange in February 2017.

Bharti Airtel slipped 1% to Rs 301.55 on the BSE. The telecom company said its customers in the city could face some "teething issues" over the next few days as the country's largest telecom operator upgrades its 3G network.

Suven Life Sciences advanced 2%. Suven Life Sciences has secured two patents -one each from China and Mexico -- for its new chemical entities (NCEs) used in the treatment of neurodegenerative diseases.

NMDC gained 1.2%.  Leading steel companies across the globe are showing interest in buying the Nagarnaar steel plant of the NMDC, which is coming up in Chhattisgarh’s Bastar district, as per media reports.

Vedanta soared 4.2% after the company is looking at increasing its captive power generation capacity by 1200MW amid rising production. The company is considering setting up 350MW super-critical units in joint ventures at its different production bases in the country.

Sensex, Nifty back in green

The selling spree seems to have halted temporarily after India saw one of the biggest outflows in a nervous November. Such was the intensity of selling that hardly any sector was spared as foreign investors offloaded about $ 11 billion of equities and bonds in Asia’s emerging markets following Donald Trump’s surprise victory in the U.S. presidential election. India has seen close to Rs 11,000 crore in outflow this month; the worst ever for a month since 2002.

For now, the Nifty’s move above 8000 level may bring in some psychological relief ahead of the monthly expiry of derivative contracts on Thursday. Metal, Realty and Auto stocks saw some buying on Tuesday while Capital Goods and Power companies were at the receiving end. The outlook is a positive start. The Dow Jones Industrial Average topped 19,000 intra-day. Gold is turning precious. Oil is inching higher, but this may not be sustainable. Expectations that policy makers will extend their stimulus programmes have kept European bonds upbeat.

At 9:39 AM, the S&P BSE Sensex is trading at 26,006 up 45 points, while NSE Nifty is trading at 8,013 up 10 points. A total of 2 stocks registered a fresh 52-week high in trade today, while 23 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.48% at 11955, whereas BSE Small-cap Index is trading up 0.52% at 11686.

Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Oil & Gas, Energy, Finance, Telecom are showing weakness on BSE.

L&T, Hindalco, Tata Steel, PowerGrid, Asian Paints, Eicher Motors are among the gainers, whereas Zee Entertainment Enterprises, BPCL, Wipro, HDFC, M&M, Maruti, Dr Reddy are losing sheen on NSE in the first trading hour.

The INDIA VIX is up 0.55% at 18.5675.

Sensex, Nifty rally in early trade; L&T up 3%

At 9:15 AM, the S&P BSE Sensex is trading at 26,020, up 60 points, while NSE Nifty is trading at 8,045 up 43 points.

The Indian rupee opened lower by 11 paise at 68.36/$ against the previous close of 68.25/$. The rupee fell to its lowest level since February 29.

Asian markets rose for the 3rd consecutive day as global cues turned bullish with US indices hitting fresh all time highs. China, Japan & the US are seeing fresh flows as bull market syndrome drives stocks higher. Commodities lead the rally with base metals hitting fresh new 9 month highs.

The selling spree seems to have halted temporarily after India saw one of the biggest outflows in a nervous November. Such was the intensity of selling that hardly any sector was spared as foreign investors offloaded about $11 billion of equities and bonds in Asia’s emerging markets following Donald Trump’s surprise victory in the U.S. presidential election.

India has seen close to Rs.11,000 crore outflow this month; the worst ever for a month since 2002.

For now, the Nifty’s move above 8000 level may bring in some psychological relief ahead of the monthly expiry of derivative contracts on Thursday. Metal, Realty and Auto stocks saw some buying on Tuesday while Capital Goods and Power companies were at the receiving end.

The Dow Jones Industrial Average topped 19,000 intra-day. Gold is turning precious. Oil is inching higher but this may not be sustainable. Expectations that policy makers will extend their stimulus programmes have kept European bonds upbeat.

Nifty settles above 8000; Auto, Banking and Metal stocks shine

Indian stock market snapped a six-day losing streak and gained 1% when the day closed. Overall, it was a volatile day with both indices lacking clear direction. The only positive is that the indices closed in green.

Sentiments remained cautious over concern of India’s demonetization move estimated to pull down gross domestic product growth this financial year from last year’s 7.6%.

On the economy front, Fitch re-affirmed its "negative" outlook for India's banking sector, saying the financial standing remained "fragile" without bigger capital injections and that the government's action on banknotes could end up having a mixed impact.

Asian markets, Hong Kong’s Hang Seng was up 1.4%, while Shanghai Composite Index gained 0.66%. Japan’s Nikkei also gained 0.04%.

Both Nifty and Sensex wavered throughout the day without indicating any clarity. However, S&P BSE Sensex closed at 25,961, up 196 points, marginally missing the psychological barrier. On the other hand, NSE Nifty reclaimed its 8,002 spot, up by 73 points. The BSE Mid-cap Index closed at 11,898, gaining 1.39%, whereas BSE Small-cap Index closed on a positive note at 11,627 gaining 1.16%.

Hindalco, Bajaj Auto, Hero Motors, HDFC, HUL were among the top gainers, whereas BHEL, L&T, Gail, Dr. Reddy were the losers on Nifty 50. When the closing bell rang, sectors including Auto, Metal, Consumer Durables, Oil & Gas and Pharma were in the green, while Capital Goods, Power and Utilities sectors were in the red on BSE.

The INDIA VIX closed -3.31% at 18.4650. Out of 1,516 stocks traded on the NSE, 556 declined, 896 advanced and 64 remained unchanged today. A total of 9 stocks registered a fresh 52-week high in trade today, while 105 stocks touched a new 52-week low on the NSE.

The Rupee is trading marginally down at Rs. 68.19/$. Gold is trading at Rs 29,200 per 10 gms and silver is trading at Rs 41,024 per kg. Crude Oil is trading Rs 3345.00 per lot.

Nifty and Sensex are still volatile. The only positive is that it still in green zone. 

Domestic market pared some of early gains with the SENSEX falling below 26,000 level, while the broader NIFTY 50 also slipping below its crucial 8,000 mark.

Supported by positive global markets, the Sensex rallied over 200 points in morning trade led by gains in ICICI Bank, Infosys, Tata Motors, ONGC, and Maruti Suzuki. Nifty reclaimed its crucial level of 7,950 and was trading near its crucial resistance level of 8,000 supported by gains in realty, power, oil & gas, metal, auto, and banking stocks.

At 12:14 pm, the S&P BSE Sensex is trading at 25,801 up 35 points, while NSE Nifty is trading at 7,955 up 24 points.

Bajaj Auto, Maruti, HUL, Adani Ports and Cipla are among the top gainers, PowerGrid, NTPC, SBI and L&T are losing sheen on BSE.

Auto, Metal, Oil & Gas and Information Technology sectors are indicating buying activities, while Capital Goods, Power and Bank are showing weakness on BSE.

The BSE Mid-cap Index is trading up 0.17% at 11754, whereas BSE Small-cap Index is trading down 0.06% at 11494.

The INDIA VIX moved to green and is up 2.21% at 19.5200. Out of 1,879 stocks traded on the NSE, 743 declined, 787 advanced and 349 remained unchanged during the mid-market hours.

A total of 5 stocks registered a fresh 52-week high in trade today, while 63 stocks touched a new 52-week low on the NSE.

HINDALCO INDYUSTERIES LTD  is currently trading at Rs 163.7, up by Rs 6.3 or 4% from its previous closing of Rs 157.4 on the BSE.

Suven Life Sciences is trading in green on the BSE. The pharma company announced today that it has granted one product patent from China and one product patent from Mexico corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032 and 2031 respectively.

Bliss GVS Healthcare jumped 3.4% after the company said it won a three year contract worth USD 111.40 million for provision of Medical Healthcare Services in Kenya.

Tata Communications gained 2% after the company entered into partnership with and Emirates Data Clearing House. This partnership will enable Tata Communications to provide a more robust portfolio of solutions as an integrated mobility service provider with its existing range of innovative solutions. 

ONGC advanced 0.4% to Rs 276 after international crude oil prices gained on the comments by Russian President Vladimir Putin that raised expectations that the major oil producing countries could reach a deal to limit output at a meeting next week.

Panacea Biotec  gained 1.4% after the pharma company announce receipt of Establishment Inspection Report (EIR) from the USFDA indicating the formal closure of the cGMP and Pre­ Approval Inspection conducted by USFDA, at its Oncology Parenteral and Oral Solids Dosage formulation facilities at Malpur, Baddi in Himachal Pradesh.

Asian Oilfield Services rallied 3% to Rs 74 after the company said it got order worth Rs140 crore from Oil India Ltd. 

IRB Infrastructure Developers inched up 1% to Rs 190 ahead of its September quarter earnings. 

Axis Bank slipped 1%. The bank said it proposes to raise funds by issuing unsecured redeemable non-convertible subordinated debentures (Basel- III compliant Tier II debentures) (Series - 25) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 1,800 crore. 

L&T dropped 2%. The company will announce its Q2 numbers today. The construction arm of L&T has won orders worth Rs 1,926 crore across its various business segments.

Sobha fell 3.2% to Rs 230. Sobha posted its consolidated net profit at Rs 38 crore for the September quarter of the current fiscal. Its net profit had stood at Rs 39 crore in the same period of last financial year.

Arvind slipped 1%. Textiles and branded apparel major Arvind Ltd has raised Rs 740 crore by diluting stake in subsidiary Arvind Fashions Ltd. The company has completed the transaction and raised the amount from Multiples, a private equity firm.

Dhampure Speciality Sugars dipped 2%. The company reported a net profit of Rs 12 lakh against net profit of Rs 10 lakh in the corresponding quarter last year.

Reliance Infrastructure tanked 2.7%. RInfra has won an EPC order for Rs 36.75 bn from NLC India Limited for setting up two lignite based CFBC thermal power projects with a capacity of 250MW each.

Allcargo Logistics is trading in red on the BSE. The company will announce its Q2 numbers today. 

The Indian rupee opened marginally higher by three paise at 68.13/$ against the previous close of 68.16/$.

Asian markets excluding Japan all traded in the green as an earthquake in Japan & threats of a Tsunami break out kept the Japanese index flat to marginally negative. This after oil hit a new 4 week high along with the Dow Jones, Nasdaq & the S&P index rising in tandem. The risk on trade is back in action as globally bullishness resurfaces with Japan & the US indices in new bull markets.

Sensex up 100 poInts, Nifty hovers around 7,950 mark

At 9:41 AM, after crossing the psychological 26,000 market, the S&P BSE Sensex is trading at 25,924 up 160 points, while NSE Nifty is trading at 8,007.10 up 78 points. 

Out of 1,854 stocks traded on the NSE, 307 declined, 1152 advanced and 395 remained unchanged in the opening hour.

The BSE Mid-cap Index is trading up 1.13% at 11867, whereas BSE Small-cap Index is trading up 1.22% at 11633.

Hindalco, Tata Motors, Maruti, Adani Ports, and Bank of Baroda are among the gainers, whereas NTPC, Bharti Airtel, Bosch, Dr Reddy and Sun Pharma are losing sheen on Nifty 50.

Some buying activity is seen in Auto, Metal, Bank, Consumer Durables and Information Technology sectors, while Telecom, Power and Realty showing weakness on BSE.

The INDIA VIX is down 1.80% at 18.7525.

A total of 4 stocks registered a fresh 52-week high in trade today, while 23 stocks touched a new 52-week low on the NSE.

The Indian rupee opened marginally higher by three paise at 68.13/$ against the previous close of 68.16/$.

Asian markets excluding Japan all traded in the green as an earthquake in Japan & threats of a Tsunami break out kept the Japanese index flat to marginally negative. This after oil hit a new 4 week high along with the Dow Jones, Nasdaq & the S&P index rising in tandem. The risk on trade is back in action as globally bullishness resurfaces with Japan & the US indices in new bull markets.

Sensex slumps 300 points; Realty, Banking stocks drag

The SENSEX slipped below the 26,000 level by falling over 300 points in mid-session trade Monday, pulled down mainly by financial stocks.

The Sensex pared gains after rallying as much as 120 points in morning trade on Monday, led by losses for HDFC, Infosys, TCS and Maruti Suzuki. The domestic market fluctuated between gains and losses as energy producers advanced, while automakers and lenders declined.

The NIFTY50 reclaimed the 8,100 mark but immediately turned volatile ahead of expiry of November futures & options contracts due on Thursday.

At 12:46 PM, the S&P BSE Sensex is trading at 25,836, down 314 points, while NSE Nifty is trading at 7,960, down 114 points. It is the first time Nifty dropped below 8,000 since June 2016.

The BSE Mid-cap Index is trading down 2.23% at 11,803, whereas BSE Small-cap Index is trading down 2.69% at 11,550.

Holding ground in the gloomy market were WIPRO, INFY, ONGC while POWERGRID, SBI, HDFC bore the brunt through the first hour of trading.

Only IT index is trading in green, while realty, banking, auto, metal, financial and FMCG were in red.

The INDIA VIX is up 6.13% at 18.8975. Out of 1,885 stocks traded on the NSE, 1,384 declined, 226 advanced and 275 remained unchanged today.

A total of three stocks registered a fresh 52-week high in trade today, while 53 stocks touched a new 52-week low on the NSE.

RASHTRIYA CHEMICALS AND FERTILIZERS LTD fell 3% after the company reported a marginal fall in net profit at Rs 43 crore for the quarter ended September 30. Its net profit stood at Rs 45.6 crore in the year-ago period.

PANACEA BIOTECH rallied 2% after the pharma company announce receipt of Establishment Inspection Report (EIR) from the USFDA indicating the formal closure of the cGMP and Pre­ Approval Inspection conducted by USFDA, at its Oncology Parenteral and Oral Solids Dosage formulation facilities at Malpur, Baddi in Himachal Pradesh.

Cadila Healthcare slipped 1.5%. Zydus Cadila has received the final approval from the USFDA to market for Metronidazole Tablets USP in strengths of 250 mg and 500 mg. The drug which is used to treat infections caused by bacetria will be produced at the group's formulations manufacturing facility at Baddi.

MAWANA SUGARS soared 12.6% to Rs 48 on the BSE. The Board of Directors of the Company has agreed to sell one of the operating units of the Company viz. Titawi Sugar Complex (TSC) in Uttar Pradesh as a going concern on an 'As is Where is What is' basis to Indian Potash Limited.

Techno Electric & Engineering Company gained 2% after the company has received an approval for sale/disposal of 45 MW Wind Power assets of the company, subject to approval of shareholders and other relevant authorities. The board of director at its meeting held on November 19, 2016 has approved for the same.

HPL ELECTRIC AND POWER hits 10% lower circuit at Rs 91. The company announced that the Company has reduced its debt around Rs 320 crore from IPO proceeds. 

PNB fell 6.6%. The bank has cut interest rate on fixed deposits by up to 0.25% in line with competition.

INDIA CEMENT tanked 3%. The company reported a 62% jump in standalone net profit at Rs 62 crore for the quarter ended September 30, 2016. It had posted a net profit of Rs 38.5 crore in the year-ago period.

HDFC and Unitech are trading lower on the BSE. With Unitech defaulting on loan repayment, housing finance major HDFC said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).

NHPC dipped 2%. The Company has posted a net profit of Rs 1,554.7 crore for the quarter ended September 30, 2016 where as the same was at Rs 1215.7 crore for the quarter ended September 30, 2015.

NBCC slumped 3.5%. NBCC reported a consolidated net profit of Rs 69 crore against net profit of Rs 68 crore in the corresponding quarter last year.

Bharat Forge tanked 3.5%. The company announced the acquisition of US-based Walker Forge Tennessee, for a total consideration of USD14mn. Bharat Forge has made this acquisition through its US subsidiary.

Infosys advanced 0.5%. The IT company has invested Rs 145 mn in a start-up UNSILO. The investment is done through Infosys innovation fund.

Alembic Pharmaceutical is trading marginally higher on the BSE. The company has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Telmisartan and Amlodipine Tablets.

Sensex, Nifty flat in early trade

At 9:15 AM, the S&P BSE Sensex is trading at 26,182 up 31 points, while NSE Nifty is trading at 8,087 up 13 points.

The Indian rupee opened marginally higher by two paise at 68.11/$ against the previous close of 68.13/$.

US markets closed in the red on Friday but Asian markets are in a better mood at the start of the week. Centre and states yet have issues to clear on GST and a crucial meet will take place later this week. The rupee movement will be in focus today.

Asian markets ex Japan opened weak as consolidation seems to be on the cards for this week. The Japanese 'Nikkei" index traded well over 18000 as it entered a new Bull market with the index rising 20% from its recent lows. Strength in US$ & rise in yields is seeing money exit emerging markets & chase higher returns in the developed markets with Japanese stocks seeing huge buying.

After falling close to 3 pc last week, the market will hope for some recovery. We’ve not had a positive week for a month now and unless there is meaningful improvement in foreign fund inflows, the indices may continue to languish in a range.

Meanwhile, SEBI is mulling relaxation of norms to permit FPIs to invest in unlisted NCDs and securitized debt instruments. Indian firms raised less than Rs. 3000 cr through QIPs in the first half this year and September alone brought in over Rs.2200 cr last year, the same time-zone saw Rs.12685 cr. being raised.

The Prime Minister mentioned about interest rates going lower after the demonetization drive and corporates may borrow money through bond sales in the coming days.

Nifty nears 6-month low; shuts below 8,100 mark

The Indian equity market declined for the fourth consecutive session. A sharp plunge in the rupee against the dollar and exception of strong foreign capital outflows after hints of rate hike in December by US Federal Reserve Chairwoman, Janet Yellen dampened the market sentiment. The Sensex dropped over 100 points during the last trading session while the broader Nifty-50 hit a 6-month low. The domestic market posted its worst week since February 12.

Moreover, the prevailing cash crunch following the government’s demonetisation decision has severely impacted select sectors such as real estate, consumer goods and metal. Besides, a mixed trend on other Asian bourses also influenced the trading momentum. Prices of few key commodities have fallen considerably since the move was announced amid drying up of demand. Also, fears have risen regarding production of the key commodities as farmers are not getting enough cash to buy seeds for winter crops.

The 30-share index closed down 77 points, or 0.30%, at 26,150.24. The BSE Sensex opened at 26,270, touched an intra-day high of 26,349 and low of 26,118.

The NSE Nifty closed with a loss of mere six points at 8,074. The NSE Nifty opened at 8,097 hitting a high of 8,129 and low of 8,048.

Among the 50-stocks of Nifty, NTPC, Eicher Motors, Sun Pharma, Bharti Airtel, Hero MotoCorp and Ambuja Cements were among the gainers on NSE, whereas Zee, Asian Paints, Tata Steel, Bharti Infratel, GAIL and TCS were among the losers today.

Today’s decline was led by the metal, consumer durables, banking, FMCG, finance and technology stocks, while oil & gas, realty, power, pharma and telecom were among the gainers.

The India VIX (Volatility) index was down 4.83% at 17.8050. Out of 1,367 stocks traded on the NSE, 610 declined and 714 advanced today. The BSE Midcap and Smallcap indices ended up in the range of 0.2-0.6%.

The rupee was trading down 34 paise at 68.15 per US dollar.

Asian markets closed mostly lower on Friday, with the Japanese market leading gains on the back of a relatively weaker yen, helping shares of the country's big exporters. At the close in Tokyo, the Nikkei gained 0.58% to hit a new 6-month high. Hang Seng closed marginally higher, whereas Shanghai Composite slipped 0.5%.

European indices are trading in red.  The FTSE 100 and CAC 40 were trading down by 0.4% each, while DAX is marginally lower.

Meanwhile, IT stocks continue to reel under pressure for the third straight day after Nasscom revised the IT sector’s growth forecast downwards to 8-10 per cent this year, as its biggest members such as TCS, Wipro, and Infosys struggle to grow faster because of an uncertain environment.

Punj Lloyd gained 2.6% to Rs 19.55 on NSE after the company said that its wholly-owned subsidiary executed definitive agreements with India Power Green Utility to co-develop 30 megawatts of solar assets.

Dilip Buildcon advanced 1.6% after the company announced that Northern Coalfields (M.P) has declared DBL-DECO (a joint venture of the Company) as the successful bidder (L1) for Excavation of Overburden of First Dig (Solid) and Re-handling by Mechnical Means at specified places at NIGAHI OCP of NCL at a project cost of Rs 1,469.8 crore.

Career Point rose 1%. The company has acquired 1,68,000 fully paid up equity shares 40% of Rs 10 each of Gyan Eduventure Pvt. Ltd., the subsidiary of the Company and consequently, Gyan Eduventure Pvt. Ltd. has now become a wholly owned subsidiary of the Company.

Canara Bank gained 2.6% after the bank has revised deposit interest rates in different maturities in retail and bulk deposits in the range of 5bps to 25 bps and these are effective from November 21, 2016.

IL&FS Transportation Networks advanced 1% after the company announced that the joint venture of the Company and IL&FS Engineering and Construction Co in the ratio of 51:49, has emerged as the Lowest Bidder for the development of two road projects of Madhya Pradesh Road Development Corporation under Madhya Pradesh District Road II Sector Project. The company had quoted an amount of Rs 213.5 crore for Project I and Rs 161.7 crore for Project 2 respectively. The construction period for Project 1 is 730 days and Project 2 is 548 days.

Deepak Fertilisers dropped 6.2%.  The company reported a net profit of Rs 26.96 crore for the quarter ended September 30, 2016 against Rs 28.31 crore in the corresponding quarter last year.

Petronet LNG climbed 8.3%.  The company's net profit of Rs 460 crore in July-September is 82% higher than the Rs 253 crore net profit in the same period a year ago.

Reliance Industries rose 1% after the company entered into a global partnership agreement with GE to enter into the Industrial Internet of Things (IIOT) space by building joint applications on the latter's Predix platform.

A total of eight stocks registered a fresh 52-week high in trade today, whereas 56 stocks touched a new 52-week low on the NSE.

Sensex, Nifty choppy; Metal, FMCG drag

The BSE Mid-cap Index is trading up 0.55% at 12,066, whereas BSE Small-cap Index is trading down 0.03% at 11,836. The INDIA VIX is down 4.52% at 17.8625. Out of 1,851 stocks traded on the NSE, 742 declined, 783 advanced and 349 remained unchanged today.

The domestic market fluctuated between gains and losses as extended decline in consumer durables and select auto stocks countered a rally in energy producers. The Nifty50 opened below the 8,100 mark.

At 11:14 AM, the S&P BSE Sensex is trading at 26,240 up 12 points, while NSE Nifty is trading at 8,088, up by a mere eight points.

The BSE Mid-cap Index is trading up 0.55% at 12,066, whereas BSE Small-cap Index is trading down 0.03% at 11,836.

NTPC, ONGC, Bajaj Auto, GAIL, M&M, HDFC, RIL and Maruti Suzuki are among the gainers, whereas Tata Motors, Dr Reddy's, Sun Pharmaceuticals, ITC, Adani Ports, Wipro are losing sheen on BSE.

Some buying activity is seen in oil & gas, power and energy sectors, while consumer durables, auto, banking, finance and telecom sectors are showing weakness on BSE.

The INDIA VIX is down 4.52% at 17.8625. Out of 1,851 stocks traded on the NSE, 742 declined, 783 advanced and 349 remained unchanged today.

A total of two stock registered a fresh 52-week high in trade today, while 39 stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by 18 paise at 68/$ against Friday's close as against the previous close of 67.81/$. The rupee fell to its lowest level since June 24.

Asian markets opened mixed with currency weakness hitting most indices. The Japanese yen hit 110 to the US$ & led the gainers with the Nikkei index scaling 18,000 while the South Korean won led the Kospi index lower. Expect the volatility to settle down by next week as the markets adjust to the new reality of higher bond yields globally as cost of money rises.

The economic data of the US seems to justify a rate hike ‘relatively soon’ says Fed Reserve Chair Janet Yellen, who intends to serve out her full term in office. Japanese Prime Minister Shinzo Abe is set to meet US President-elect Donald Trump in New York today. Fitch Ratings warned about the uncertainty created by Trump’s campaign rhetoric, stating talks of a more unilateral foreign policy are particularly significant given US status as the world’s biggest economy and a key diplomatic and military power.

RBI has decided to expand the list of eligible debt instruments foreign portfolio investors (FPIs) are allowed to invest in and included unlisted securities such as non-convertible debentures (NCDs) and bonds issued by public or private companies.

Parliament paralysis is back in India as the political slugfest continued over the demonetisation move even as the Opposition demanded the prime minister’s presence in the Rajya Sabha.